The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of August. At the national level, the number of dwelling approvals rose by a seasonally adjusted 3.0% to 16,810. The overall increase was led by units & apartments, rose by 9.6%, whereas house approvals fell by 1.8%. The result beat analysts’ expectations, who had expected a 1% rise in approvals over the month.
In the year to August 2014, dwelling approvals rose by a seasonally-adjusted 14.5%, with house approvals up by 12.2% and unit approvals up by 17.5%:
Advertisement
